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the internet . two golf greats, driving a message to tax happy lawmakers. see if their message is heard. cashin in kicks off right now. good morning, i am eric bowl glad you are joining us. mr. wayne rogers and johnathon honic and tracey burns and sandra smith and dennis. welcome everyone. forget the pay roll tax hike and fiscal cliff deal. senator chuck schumer making no secret tax hikes are coming. tracey much like phil mickleson enough is enough. >> eric enough is enough. i barely saw my paycheck. i am glad phil mickleson spoke out. he can leave and go to another one of his homes if the estate taxes are too high. >> i can't. unless we move the new york study is itio. i got to live near my job. i don't have that luxury. >> johnathon aren't we taxed enough already. >> we are indeed . states like new york and eric you are talking about 60 percent of your earnings. no wonder they are leaving in droves. high taxes, taxings are forced. high taxes prompt an exodus whether tiger woods or going back to the uk in the 70s, the rolling stonings. if you work and don't get to keep the product of your labo
control, and tax hikes. you notice anything missing? bob cusak and sabrina says democrats are embolden this time and spending cuts last on the list. bob, first to you. bob, the president is essentially a lame duck, the second term, 16 months. that's a lot to deal with in 16 months. what's first on the agenda, do you think? >> first is gun control, and, obviously, this was before the connecticut shooting, but he did not talk about it in the first term. he didn't push it. he's going to be pushing that, pushing immigration, pushing climate change, but spending is not on his agenda, cutting spending. i think he was interested in 2011, almost got a deal with speaker john boehner on a grand bargain on entitlement reform, crafting a budget now. i don't think you're going to see major cuts in that. it's a significant shift. remember, obama said the deficit kept his awake in the first term. through his actions, you know, he's not pursuing a lot of cuts and changes to entitlements. liz: what is feasible for the president to get through with a window of 16 months? gun control? what do you think h
, larry, and you can't tax an economy in the prosperity period. >> look, ideally you would say okay, we're going to freeze government spending at this level and that would mean over time it is going to fall as a percentage of the economy, but you can't ever get congress to do that, right? so it always ends up being something very harsh to get things done. and so this is the consequence that you have to face. at least in the short term. that you're going to have a short-term hit to gdp. but in the long run, the numbers are going to be better for the united states. >> most of that stuff is transfer payments. >> agreed. >> it will not even affect gdp. defense purchases do affect gdp. but to america since nobody ever wants to cut spending -- >> you got to cut somewhere. >> and i would do it right now. >> and it will only happen during bad times, larry. it will never happen during good times. we see that over and over again, when the economy is going gang busters, the government just chooses to spend more. it's in its nature. you have to do it when it's tough. >> lower spending means a stron
class means more growth overall. i agree about the payroll tax cut and i wish that had not gone away. i do not think that was a good moment for us to go away. i'm on board with that. but i have to tell you that i don't want to lay blame here, but i'm going to. that is all because of congressional republicans. they did not want to see that. [talking over each other] [talking over each other] charles: hold on, hold on. one at a time. is it possible to raise taxes and grow the economy simultaneously? >> absolutely. i don't think that's the best model, i think the economy can grow in spite of that. >> you have art he said that we need to put the taxes on the back burner? >> absolutely. the one we will finish this later. we will have you guys back again soon. thank you all for watching this show. we will have you back soon. t bul you hear what we found out about made in america. also, markets hit new highs. what's driving the latest run? can it last? your smart fun about to shame you in public. tonight, we have the apps that keep you in line and on time. "the willis report" is on the case. g
. the consumer is in a worse spot primarily because of tax hikes. supply side economics, right. so apple is a consumer company for the most part and i think that any consumer company will struggle. >> that's an important point. let's follow that point. is part of this apple drop weakness in consumer spending or expected weakness, or is it, in fact, the competition from samsung and the fact that the company is not executing. in other words is it a company story, an economics story, what is it? >> there's a lot of company specific stuff going on just comparables this quarter versus a year ago. that's part of it. it's a maturing company to a degree. it's going through its growth phase. now getting into the phase which hopefully will last a long time you focus on return on invested capital. that could be fine. the market has to adjust to that perception. i think the consumer point is a good one. is the consumer going retrench with higher taxes and we see the jobless claims out the last few weeks -- >> coming down. >> they are looking great. >> is it seasonal or real. we won't know that for a
the payroll tax cut will cut into consumer discretionary spending down the line. apples ipads and iphones sold a lot but the profit margin was slim. is this a company story where the company is in trouble after the great steve jobs has passed snarp. >> it feels that way, larry. we've got this darling-to-dog story we've seen so often notice tech space. we have a gadget company in the tech space that's struggling with margins on its gadgets and a lot of the worst fears that they would face other gadgets from other kinds of companies seem to be coming to pass, but the service tech companies like google and netflix, they're all of a sudden out there increasing share. >> knock the cover off the ball. >> knock the cover on. and as long as you have a razor blade story and not a razor story, i think that's the difference peer. >> dave goldman, am i wrong? sometimes ji am very wrong. does this forecast a stronger american economy, even a moderately stronger economy? >> absolutely not. i was a raging bull in 2012. i'm neutral on it. the s&p is trading tick for tick with liquidity measures, such as infla
majority leader eric cantor is there and says the to leaders tax eswill not sigo up. you're watching cnbc, first in business worldwide. >>> we have had a busy, a barrage of earnings. we've had microsoft and at&t and starbucks, all posting their latest quarterly results minutes ago right here on the show. let's get a roundup now that we've had time to digest and read through all the earnings action. rights, bertha? give it to us. >> reporter: not full digestion but a tummy still full looking at the numbers. fiscal second quarter for microsoft beats by a penny. street looking for 75 cents. refnous more or less in line. actually had missed on both the top and bottom line last quarter. take a look at the reaction of the stock. we've got microsoft here. there we go. it's still down, however. sold 60 million windows 8 loy senses. no details on the surface sales. that's something else people may ask on the license call. at&t, strong on the bottom line, and actually missed on both the earnings for the same quarter last year. they said they saw smartphone fans, activated 18.6 iphones and 26% were
for more spend more tax hikes and meaning property taxes go up. why? to pay for the benefits . taxpayers are saying wait a second, we get it . the union members understand the back lash, too. >> bill, your back shot was hard to digest, but there are so many overseas jobs that used to go to unimembers here. is there any way unions can bring those jobs back to china back home. >> yes, manufacturing jobs are coming back to north america because china is coming back. i disagree that the unions are on the defensive when it comes to government. they own government. >> one place it is growing is public sector. >> ebe mac touched on the reason why. government doesn't compete. they raise taxes. private sector where business is up to compete on the price of the product. unions make companies less competitive. >> what does it say about unions. they used to represent . people were proud to put the union label on the product. is that still true, steve? >> no, all you have to do is lookk at detroit and the legacy and companies that went in to right to work states and they paid competitive wages and di
for the fiscal tax cliff and the spending sequester which i think is hilarious. they invented the sequester. we have had tax, spend and regulate policies for four years. why not try something different. let's talk about it with our powerhouse panel. jared bernstein, center on budget and policy priorities. senior fellow. doug holtz-ekin, peter suderman and james freeman, assistant editor for the wall street journal. james, i'm amoused right off the top. team obama starts attacking republicans first of all for the budget cutting sequester which they invented. second of all, for the fiscal cliff which they also invented. how silly is this? there is nothing serious about it at all. >> here we are. this is three years of big spending obamanomics. it's a terrible recovery. not what we need to create jobs. >> worst recovery since 1947. spending, taxing, regulating. we'll get into details. this report is not as bad as it's made out to be. >> i agree. >> the basic thrust is why not try something different? 2% growth is lousy, the worst since 1947 h. why not try something different? why not favor the pri
skype. good morning.. is paying taxes the impetus behind the move? > >yes it certainly has created a tremendous amount of interest in states like new york, connecticut, and new jersey specifically continue to increase their business taxes. ceo's of hedge funds and private equity firms are calling palm beach county in record numbers. > > federal tax rates are the same in florida as they are in new york or anyplace else, but there is no state income tax in florida. are hedge fund owners actually revealing how much money they save by moving to your state? > > yes they are. we also have done an analysis. we have local accountants on board as part of our hedge fund committee team that have done comparisons and are tailoring comparisons based upon our taxes here in florida and the taxes that they are paying from their respective state. so, you look not only at the taxes---we don't pay a state personal income tax---but the cost of living here in palm beach county is significantly less compared to the northeast. > > what did you find out in the data? how much money? > > we're talking about
, requiring congress to not spend more than it makes, than it takes in in taxes. if you call taxation making money, but it can't spend more than it takes in. any traction on that? >> yeah. this is an idea, an old idea, whose time has timely come, and, you know, as polls show about 75% of all americans support this idea, most of the state legislatures operate the same way, and we need to do this because we need permanent structural spending reform so that we don't find ourselves back in the same position every six to 18 months in raising the debt limit. >> limit spending to 18% of the gross national product, 18%. right now, it's a rate of 23%. we're looking at some of the other things that you would do. you want a historical average of total federal receipts so congress is only run a deficit, increase taxes, or increase debt if agreed upon by a two-thirds vote. i like how it sounds, but it doesn't sound like you can get other politicians to agree to it? >> rome was not build in a day. it's in the a sell yet, but we have support in the senate for the idea of a balanced budget amendment. the la
for many, many years both of the tax consistent with spending. and nobody ever put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011, and the way here it is now being placed on the table again. it's a big mistake and 2011 to create this degree of uncertainty and fear in the u.s. and around the world and the big mistake to do it again today. >> why would any good thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending rather than the other legislative opportunities it would have? what would the reason be? certain not to embarrass the united states of america. >> i have no idea, mr. rangel, but i can tell you that -- >> well, if you don't have any, then maybe it is the objectives of this president at whatever cost, some leaders our so-called leaders have said, that they want to stop this president and the were unsuccessful in that measure. so maybe, maybe they decided to change tactics and maybe this discussion is a necessary and we find some of the way to a handle on the deficit
the class war issue on taxes, which romney was not able to rebutt or make the argument for. look, let's be honest about this. romney was a man who spoke conservatism as a second language. you remember in one of the primary debates he wanted to show up as conservative as he was and he ran a severely conservative administration as governor of massachusetts. severe is a word you associate with head wounds and tropical storms. [laughter] >> not with the government. he had trouble making the case. we have a strong bench, half of whom is here at your conference, young governors, ryan, we have rubio in congress, a whole slew of gun governors, a generation who is adept, you could say marinated in conservative philosophy. thinking very deeply about a new kind of conservatism but they for their own reasons, some personal, some they were simply too new and young and raw, weren't quite ready to not run. we had a weak field in the primaries, extremely weak, of whom romney was obviously the best and only possible presidential candidate. you he was -- but he was weaker than the ones sitting on the b
in tax credits and policies of the public utilities commission to favor alternative energy, independent power production. which is obvious today. when they promoted code- generation it was something very novel. 30 years ago. now you have a different name for a period in his third party power production using power in a driving way to recapture the most efficient way. innovation is important. i have to also, every time we heard the word innovation, i have to put a plug in for tradition. i have a very traditional education. i spent a lot of years in silence speaking latin up in the hills, living within the medieval framework. i do respect the past. we study it. if you are grounded in tradition, you feel quite confident in change and innovation. if you are insecure, you are very reluctant to embrace the unknown. i do think we need to in our education and politics, we have to have a new appreciation for our traditions and the patterns that describe our culture and our being as americans. having said all that, we have saved in california tens of billions in energy efficiency. when i first ad
where republicans and democrats seem to agree that something needs to be done on tax issues or fiscal issues, where there has been an impasse for many years now. host: in terms of the principle, how detailed is the outline? are we talking about a bill taking shape or just a sketch at this point? caller: it is more of a sketch, the first step in trying to get an actual bill going. basically these are legislative goals that include four areas, one is a package, one is overhauling the existing system, another is establishing a way to ensure that there is less illegal hiring of workers, and another is to create a guest worker program. but those goals, we do not know how that will be achieved or worked out over the next few months. things are supposed to get going here as soon as next month. senator schumer and the other senators believe that they could have something by late spring, early summer. host: looking at "the san antonio news," we have this headline -- "upset republicans." what are you hearing about republicans getting things through? caller: house republicans do not seem to be o
including increasing the gasoline tax say you have some extra money. >> that is the definition of a no-brainer in terms of constructive policy. gas goes up and down by a large margin every year. if he could cap some of that infrastructure, it would be great. >> infrastructure, and tandem reform, gas tax -- entitlement reform, gas tax. who's in? >> i might be. >> no. >> i'm in. >> i will consider it. f the close of the deficitm, i'm in. >> depends on your definition of attach the reforms -- of you get into what those words really mean, and i began to say that is not reform. >> there is nothing in the plan that asks everyone to pay -- there is nothing that ask the wealthy to be part of the solution. >> what we have here is a disagreement as to the basic problem. we are still hearing talk about tax on the wealthy. we just got some tax on the wealthy. it will pay for about a week of running the federal government. if we confiscated everyone's income that make over 250,000 north, it pays for one year of the deficit. i am just saying, if we brought it down to what the president wante
. the redevelopment by the state was a potential death now for the housing and our taxes stopped the growth of our economy. we in this room and many of us working together took on the story changes for our city some of which have vexed for years >> years. i'm proud that together we through innovation and we foerjd our way ahead. to the city commissioners and to the department heads and to our friends in the business, labor you think non-profit and other communities who spent countless hours with us in negotiations and to the great people of san francisco who rewarded us with your support at ballet in san francisco thank you, very much. together we're putting san francisco back on the right track and building a solid foundation for all our residents. my fellow san francisco's we're living in a time of astonishing innovation and unlimited process we're driving that innovation and for or against the future right here right now not just for san francisco but for the whole world. within the lab of our technologies we're developing techniques will will save lives. to our market district we're providing
. >>> japan's ruling coalition parties have been talking about tax as the basis for the new budget. they have agreed to introduce a new tax break for supporting the poor when the consumption tax doubles in 2015. the agreement is part of a tax reform plan for fiscal 2013, which the liberal democratic party and the new kuomot approved on thursday. under the plan lower rates take effect in october 2015 when the consumption tax is set to double to 10%. the two parties have also decided on an income tax hike. under their plan people with annual incomes of more than $450,000 will get a tax rate of 45%. that's up from the current 40%. the new rate set to go into effect in january 2015. >>> all right. that's going to do it for biz tonight. i'm going to hand it back to gene. >>> ron, thank you for that. a japanese citizen considered missing after last week's hostage siege at a natural gas plant in algeria is now confirmed dead. this brings the number of japanese victims to ten. islamist militants attacked the desert facility and kidnapped hundreds of workers. chief cabinet secretary yoshihide suga jus
. when i came into office the governor and general assembly without my support passed a large income tax increase here in the january of twe ven. the sad thing we're now two years into the income tax increase and they raised money and not respond to the problem. i think this year, this spring session of the general assembly it will finally come home to reality. not only downgrades, moody's, fitch and standard have eight watches, warnings or downgrades since the income tax increase has gone into effect. what comes next the fiscal year fourth four, natural revenue growth from illinois coming from sales tax, gaming without tax increases is $600 million. but the reality of the amount of increased payments into the public pension systems is $945 million. i think they will have to deal with this $345 million spread. reality is --. melissa: dan, i applaud your optimism you think this will finally be the come to jesus moment where they realize there is huge problem but i don't know that is necessarily the case because we see california going down the same road. seems like politicians almost neve
, but the fact there are no taxes. one former new yorker tells you his story. can an ad publicly shame you out of bad habits? i'll break it down, next. ♪ all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. ♪ gerri: escaped from new york. it's not just something retirees say. a growing number of working professionals are leaving new york and other states in the northeast for conditions down south, and not just for lower taxes and more sunshine. what's the draw? joining me now, ceo of hedge cofrom new jersey calling west palm beach his home. i've been there many times. that's a nice
lower. what you are seeing is a lot of investors wanting to take a profit before the capital gains taxes kicked in. you started seeing the stock sell off last september. as for today, they are choosing to get out and they are seating up. phones and tablets and the heat is coming heavier these days. >> it's about innovation here since steve jobs passed. tim cook took over and what does it say about tim cook's tenure as ceo? >> does he get the blame? sure. the buck stops with him. he's the same guy who oversaw the debut of the iphone 4s. he's the guy who stared the stock price. when kwook took over, the price doubled in the first year and his charge peaked in september. shares have tumble and there two camps and schools of thought. wall street and analysts say that they don't have the confidence that he can deliver, but this is an incredibly healthy company with $137 billion tucked away and the next four quarters show what this showed last night, maybe they will ree valuate. for now, cook should stay. >> we are just minutes away. president obama expected as we are looking live at the white
of other californians about to do it as well? is your sounds like it, new california state tax hikes sending some residents fleeing california. so where will they go? nevada tax accountant george ashley says he knows. nice to see you, george. >> hello, greta, thank you for having me. >> greta: what's the story? people who live on the border of nevada and california are making the quick move to nevada? >> well, that's the people living on the border, but people from all sorts of places in california who want to avoid the california tax, a lot of them are thinking about packing up and moving and a lot of them are doing it. >> greta: what would be the reason, folks from deeper into the state away from nevada, but if you live on the border of california, unless you're really wedded to your house, why not move the mile into nevada and save yourself 13.3%? >> absolutely. absolutely. >> when does it make sense? suppose i have a business in california and i'm thinking of selling my business, should i move to inform nenevada before it or stuck paying the taxes no matter what. >> depends on t
if they pass a a criminal background check, pay a fine and back taxes and learn english. but they would have to get the back of the line for citizenship-- a process that would only start once border security has been improved with more agents and more drones. in 2007, republicans brought down a similar plan arguing it amounts to amnesty. but arizona's john mccain who championed reform then and nowpi says he senses a major shift among his g.o.p. colleagues. >> you look at the demographics of this country and the rising hispanic population, we're not going to win races. >> reporter: you've tried so many times to pass immigration reform. what gives you confidence this time will be different? t >> times have changed; americanses have changed; elections have changed and i'm not saying it's going to be easy and i'm not saying we're going to be succeed this time but i think the chances are better than they've ever been. >> reporter: he and the other senators say they hope to put this plan into legislation that can be voted on in the senate by spring but, scott, already today a handful of republican
about the gas tax. i'm sure you have all thought about it a lot. plenty of studies have shown consumer willingness to buy fuel-efficient cars is tied to lower prices and gas or i should say higher prices and gas. congress obviously is in no mood to raise the gas tax right now, so how do we deal with that to make consumers perhaps more willing to look at fuel-efficient models? >> an excellent question. who wants to take that? >> i will be brave. i think when i think about how do we get consumers -- it's nice to see you. we have talked on the phone a lot before. when. when we look at getting these consumers, for me it's about educating them on the total cost of ownership and what that means for them over the course of the life of of the vehicle, whether they are in a lease situation or they have purchased a door there is a 10% that -- it's understanding the total, and i also think -- one of my girlfriends lives in new jersey. they. they don't have to pump their own gas. they do it for you there. she moved and she was horrified. you have to put a value on having an electric car you can pl
what would happen with their taxes. the uncertainty was horrendous, the mood sour. . we were getting all sorts of cross currents about what would happen with corporate and personal taxes. were they going to raise taxes, were capital gains going up? would the alternative minimum tax snare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay. retail sales weren't that bad. but they nose dived right at the end of the quarter. retailers were afraid to restock inventory figuring that spending would drop off the cliff right along with the nation's finances. it was all in all a very bad time for our nation. now, overlay the storm of the century for the northeast. one that shut down the wealthi
they're living, pay a fine as well as back taxes for several years. presumably that's money that someone working below the wage off the books might not have handy. i don't now when they'll be able to start to implement a plan like this. >> they're looking at $10,000 in fees. that for some in the immigrant families in the agriculture sector that represents over 25% of their annual income. unreachable for many families. but you add language requirements. you add proof of employment requirements, and each of these requirements according to a respected migration policy institute will leave out 36 million undocumented immigrants. you talk about this threshold citizenship for 11 million, but then you look at the details and the devil is in the details. you leave out another chunk of several million, it's very concerning to us. we want to have an honest debate that puts out the facts and is honest with the american population about who is really becoming legalized. >> john: i want to bring in george zornok. buzzfeed reported that the house is working on it's only illegal immigratio
? lowering taxes, corporate taxes, ensure people have opportunity. what did you think of those ideas? were they good? >> well, you know, i didn't look at every single one, but anybody that runs a companment -- company wants a clear playing field; right? less regulation, less competition with government, lower taxes. those are all the things that would help america be more competitive, but those are, against what jason just rightly pointed out where obama's economic policies, which are really social policies. he wants the country to look a certain way and be directed by the government, not by the private sector. gerri: that's true. >> so the bigger the government gets, by the way, the higher the unemployment rate is going to be. we see that -- gerri: that's true. >> we look all around the world, that's why we have such a high unemployment rate today. >> there's job opportunities of plepty under the president's nose. the keystone pipeline, shale gas boom, companies overseas to repatriate, invest domestically, but he's not interested. gerri: he wants infrastructure projects. >> they have a lo
and real estate taxes are combined in one monthly figure. and what the number? including made service twice a day. and all of the other amenities which come with this, which include a spa. >> maybe up into the 50s. >> a little under $60,000 a month. >> that actually very reasonable. >> yeah, very reasonable. with maintenance fees, that around $720,000 a year. include care takers, your insurance, cleaning staff and more. and it probably cost around $1 million a year, just to keep the lights on in this apartment, in the historic sherry ledgerland building. maintenance fees are popping up all over high end in new york city. if you bought a 1200 square foot condo, that will cost you around $2,000 a month in maintenance fees. on top of mortgage and utility. what do you get for that $60 grand at sherry netherland. made service, restaurant downstairs, should be all you can eat for that amount. el rater operators. and three private elevators. to see more of the $95 million mega mansion and go one on one with dolly lands, and secret lives of the super rich meg why home. it is a great show. >> i know
Search Results 0 to 49 of about 290 (some duplicates have been removed)